Russia

Business , Exploration & Production

Russia’s Lukoil Swings into Q3 Profit, Boosts Oil Output in Iraq

Lukoil has faced a pandemic fallout as well as a weaker rouble, which has inflated its debt.

November 24, 2020

Earnings , Exploration & Production , Technology

Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise

German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.

November 23, 2020

Legislation , International , Infrastructure , Pipelines

Sanctions on Russia’s Nord Stream Gas Pipeline Included in Annual US Defense Bill

The $11 billion Nord Stream 2, led by Russia's state energy company Gazprom, would double its existing pipeline capacity to take gas undersea to Europe via Germany.

November 12, 2020

Policy & Regulations

Russian Energy Minister Made Deputy PM in Cabinet Reshuffle

Novak will continue to oversee energy strategy.

November 9, 2020

Natural Gas , International

Russia: OPEC Should Cooperate on Natural Gas

Energy Minister Novak wants OPEC and gas cartel GECF to work together.

November 3, 2020

Crude Oil , Trade , International

Report: Russian Oil Bosses Debate Extending Production Cuts into 2021

OPEC and Russia imposed a record oil output cut in April to support prices as the COVID-19 pandemic shrank demand. They are considering further steps as the global number of coronavirus cases is rising sharply.

November 2, 2020

Crude Oil , Trade , International

Russia’s Putin: Rollover on Oil Output Curbs by OPEC+ Possible

The comments made by Russian President Vladimir Putin are the clearest signal yet from Russia, a global leader in oil production, that it is ready to continue with unprecedented output cuts in the face of a sluggish oil market.

October 22, 2020

Crude Oil , Trade , International

Russia’s Energy Minister Says ‘Too Early’ to Discuss OPEC+ Plans Beyond 2020

A second government source said Russia, for now, would not disclose its plans on whether to continue with the current oil output cuts in order to prevent an overreaction in the market.

October 20, 2020

Discoveries

Gazprom Hits Natural Gas at Kara Sea Offshore Russia

The company said commercial gas inflow was obtained with a flow rate of about 600,000 cubic meters per day.

October 9, 2020